FedEx Delivers Some Good News

Discussion in 'The Latest FedEx Headlines' started by cheryl, Sep 14, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx Delivers Some Good News - Motley Fool

    FedEx (NYSE: FDX) investors have spent a lot of time staring at the front door, waiting for a good-news delivery -- in vain. But this morning, the doorbell finally rang.

    When last we heard from FedEx, management was expecting to earn a mere $0.30 to $0.45 per share in the fiscal first quarter (Wall Street dutifully noted down the numbers, and pegged the company for $0.44 in profits in their "analysis"). But Friday morning, FedEx revealed that it will probably earn quite a bit more than that -- $0.58 a share -- and investors are eagerly signing for the delivery, bidding shares up nearly 6%.